....McDonald joins M&S as managing director of its clothing, home & beauty division in October. Her total pay slid by just over £110,000 to £741,412 as she missed out on an annual bonus after resigning from Halfords in May. ...

....The pay rise is even bigger than the 40% rise awarded to the chief executive of the British Gas owner, Centrica. Phillips-Davies was paid £844,000 in base salary, largely unchanged from last year, but topped up by £25,000 in benefits, a £910,000 annual bonus – more than double the year before – and a long-term incentive payout of £644,000. ...

.... However, overall it backed the remuneration for last year. Pirc said the future pay policy was not without concerns for shareholders because when directors leave they would receive an automatic payout linked to their annual bonus, but on balance it backs supporting the policy in a binding vote. ...

....Her Majesty’s Revenue and Customs enforces the national minimum wage and can fine and name and shame companies that do not comply. Current and former John Lewis workers, who are known as partners because they jointly own the retailer and share an annual bonus based on profits every year, could receive a top-up in back pay as a result of the review. ...

.... The payoff comes on top of roughly $200m that Mayer has already received in salary and bonuses over her five year tenure. Mayer did lose her 2017 annual bonus after Yahoo’s bungled security exposed the personal information of more than 1 billion of its users, and threatened the Verizon deal. ...

....One of them - Hargreaves Lansdown - said 1,000 accounts had been opened by mid-day on Thursday. The savings product was the brainchild of former Chancellor George Osborne, and offers savers a 25% annual bonus. ...

....1m. It includes an annual salary of £650,000; an annual bonus of up to 100% of salary in shares, deferred for three years; a long-term share incentive plan of up to 200% of salary for each of the first two years and 150% of salary thereafter and a one-off share award of up to 100% of salary to recompense Fitzgerald for relinquishing management of certain investments to take up his new role. ...

....British consumer goods maker Reckitt Benckiser Group has cut the 2016 pay of its chief executive, Rakesh Kapoor, by 39%, as it seeks to shore up investor confidence following a safety scandal in South Korea that hurt its performance. The maker of painkiller Nurofen, Dettol cleaning products, Durex condoms and Scholl footcare products said Kapoor, Britain’s third highest paid chief executive in 2015, would not receive an annual bonus for 2016, and that the share awards for his long-term incentive plan would be reduced by half. ...

....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...

....The Pensions and Lifetime Savings Association said the proposed change did not go far enough. “While Anglo American’s direction of travel is to be welcomed, an annual bonus potentially worth 300% of a salary, on top of fixed pay approaching £2m, still seems far too generous,” Luke Hildyard, a policy lead at the PLSA, told Reuters. ...

....Some companies have already heeded attempts by shareholders to respond to the political backdrop, notably Imperial Brands, the maker of Gauloises and John Player cigarettes, which scrapped a pay rise for chief executive Alison Cooper in the face of a potential protest at its annual meeting in January. Among other companies publishing details of pay deals on Thursday was Rolls-Royce, which paid annual bonuses to its executive for the first time in three years. ...

. Yahoo chief executive Marissa Mayer will lose her annual bonus and the company’s top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users. ...

....5% rise in sales in the six months to the end of July as the company invested heavily in equipment to support its online business and increasing pay for staff. The John Lewis group – which includes Waitrose – said last month its annual bonus for staff, known as “partners” because they own the company collectively, would fall significantly this year and that staff numbers would drop after operating profits dived 58. ...

....The OBR said the estimated £12bn improvement was likely to give “a reasonable sense of the extent to which borrowing is undershooting”. But it also warned that tax receipts remained volatile as investors considered how much income to bring forward to avoid higher taxes next year and the banks agreed the size of annual bonus payments. ...

....20 an hour minimum wage for over-25s, the supermarket also stopped paying Sunday and overtime rates for new shop workers. Waitrose’s parent group has warned that its annual bonus for staff, who own the company collectively, would fall significantly this year and staff numbers would drop after operating profits dived 58. ...

.... The luxury fashion house is asking all its brands to use more sustainable raw materials and fabrics such as organic cotton and merino wool produced on sustainable farms in New Zealand. All the group’s brands, which include Stella McCartney and Balenciaga, are developing action plans and 10% of their chief executives’ annual bonus will be dependent on them meeting sustainability promises. ...

....Another case for Fenwick, perhaps?. This week marks the start of the most serious banking stress tests of them all – the ones where the strain put on bankers’ braces, as they trouser annual bonuses, is scrutinised to the full. ...

.... Twenty years ago, the pay ratio of workers to bosses was less than 50:1. The increase has happened in part because executives’ pay schemes, stuffed with annual bonuses and medium and long-term incentive plans, have become so complicated. ...

.... Legal & General Investment Management, the fund management arm of the insurer, has told firms there should be a cap on directors’ bonuses, so that they are not bigger than twice the salary. The current system of pay typically involves directors receiving an annual salary, an annual bonus and a long-term incentive scheme (Ltip) running for three or five years based on shares. ...

....Danny Cox, chartered financial planner at Hargreaves Lansdown, said: "Making the LISA values plus bonus available at exchange of contracts will help first time buyers’ cash flow and it is a better system than the Help 2 Buy ISA as the cash will be ready when needed. "First time buyers need to take into account the timetable for the first annual bonus in their planning otherwise they risk a shortfall at exactly the wrong time. ...

...."Whilst we have largely achieved the financial and strategic targets set at the beginning of the year it is clear that we have not delivered the required levels of passenger service on our Southern routes," Go-Ahead chairman Andrew Allner said in a statement. "As a result, David Brown, who in my view is an exceptional and committed group chief executive, made it clear he does not wish to be considered for an annual bonus this year and declined a salary increase. ...

.... is further undermining the value of a degree," it adds, with some previously low-to-median paid posts now requiring degrees. "Our research proves that the current £100,000 graduate earnings premium so often touted equates to an 'annual bonus' of just £2,222 over 45 years of work and is wiped out once National Insurance and income tax are taken into account. ...

....Britain’s biggest wine retailer is to increase pay for its store managers in an attempt to prevent one in four of them leaving the business each year. Majestic Wine is introducing new share incentive plans and overhauling cash bonuses for its 213 store managers, who typically earn a £30,000 salary – up from £28,000 in November – plus an annual bonus. ...

.... Sainsbury’s declined to reveal exactly what the special benefit payment was for. Sainsbury’s said Coupe had earned the annual bonus, which was 76% of the maximum possible, after hitting profit, sales and customer service measures as well as personal targets including accelerating the move into online sales by securing a £1. ...

....Related: Why the revolt against executive pay is not going away. As a result of changes introduced by Vince Cable when he was business secretary, companies are required to publish a “single figure” for pay which covers salary, benefits, annual bonuses and payouts from long-term incentive schemes. ...

....But shareholder advisory firm Pirc said he still earned 37 times the average employee's pay, which it branded as "unacceptable". Pirc added that Mr van Beurden's maximum annual bonus and potential rewards under the longterm shares scheme were also "excessive", at 245 per cent of salary and 680 per cent of salary respectively. ...

.... The vote is advisory, although the company acknowledged the scale of the protest, describing a “significant number of votes” being cast against the pay report. “The company understands that this reflects the concerns of a number of investors in respect of the termination arrangements for Alan Jackson and the level of the executive director annual bonus awards for 2015. ...

....As a result of his promotion, Skeoch received a £200,000 rise in his salary, taking it to £700,000, although the company said this was 16% lower than his predecessor’s. The salary is topped up with a potential annual bonus of 175% of salary – lower than the 365% he stood to receive as head of the fund management arm – and a long-term incentive plan (Ltip) that promised shares worth 500% of his salary, which he has now said can be cut to 400%. ...

.... He had worked at the retailer for 33 years. In 2015 the annual bonus for John Lewis and Waitrose staff fell for the third year in a row as profits at the group, which also owns the eponymous department store, declined owing to higher pension charges. ...

....The Lifetime Isa will be launched in April 2017, and savers will receive a 25% bonus from the government. They will be able to put in up to £4,000 a year, with the annual bonus of up to £1,000 paid until the age of 50. ...

....The Barclays disclosure covers not just share awards for future bonuses through long-term incentive plans. It also includes details on other payments in shares, including annual bonuses for 2015 and role-based pay awards, which are handed out to stop their pay from falling as a result of the EU’s cap on bonuses. ...

....Advertising company WPP will reveal this week that its chief executive, Sir Martin Sorrell, has been handed shares worth £60m in a move that will take the total earnings of the high-profile FTSE 100 boss to more than £150m in five years. Sorrell’s pay deal for 2015 is likely to reach close to £70m once his salary and annual bonuses are added to the long-term bonus scheme which will be announced this week. ...

....4m of share awards were announced to the stock market less than a fortnight after RBS reported a £2bn loss for 2015 – taking the total losses to more than £50bn since its 2008 bailout when taxpayers pumped £45bn into the bank. McEwan, who was promoted from running the retail arm of RBS to replace Stephen Hester, has attempted to defuse rows over pay by ending the practice of handing annual bonuses to his top management team. ...

....Related: British bank annual results – interactive. The senior executives at the bank, including McEwan, do not receive annual bonuses in the same way as their peers at rival banks in an attempt to defuse the rows over pay that have characterised RBS since its bailout. ...

.... The loss was later reduced to 5%, and the bank remained one of the biggest fallers in the FTSE 100. As Winters announced that annual bonuses had been scraped for 2015, he said a new bonus scheme would be put to a shareholder vote at the annual general meeting in May. ...